Press release
Air Powered Vehicle Market Size, Share, Growth, Trends, Demand, Outlook by 2031
The vehicle uses nitrogen gas compressed by energy harvested from braking or deceleration to power a hydraulic drive, which supplements power from its conventional gasoline engine. The concept of air hybrid was first unveiled at the 2013, Geneva Motor Show.
Get a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38417
Expansion of Global Air Powered Vehicle Market
The extent and effectiveness of government initiatives to stimulate the economy would have a strong impact on the nation's GDP. Stimulus programs for the airline, automotive, construction, and infrastructure sectors would have a significant impact on both GDP growth and oil demand. Furthermore, the pandemic has turned the focus of automakers to look for an alternative fuel. Moreover, this focus is estimated to propel the market for air powered vehicle. Furthermore, the adoption of cleaner technologies due to rising awareness about environmental resurgence during the pandemic is projected to fuel the sale of air powered vehicles.
In terms of energy mode, the global air powered vehicle market has been bifurcated into single energy mode and dual energy mode segment. The demand for emission-free vehicles is higher in urban cities and developing towns. The single energy mode air powered vehicle employs only compressed air as a power source. The segment is projected to hold a prominent share of the market during the forecast period.
In terms of vehicle type, the passenger vehicle segment dominated the global air powered vehicle market, in terms of value, in 2020. This can be attributed to the rising living standards and increasing disposable incomes. Additionally, the growing awareness among the population about the dangerous hazards posed by vehicles running on conventional fuels for both the environment and human health is leading to the increased adoption of air powered passenger cars.
Furthermore, these air powered vehicles are cost-effective, as they run on compressed air and do not require high-cost fuels such as petroleum. Additionally, the production cost of air powered vehicle is low, as it does not require cooling systems or starter motors. These factors are estimated to fuel the market.
Low speed of air powered vehicle coupled with limited infrastructure for refueling is a major factor that is likely to hinder the air powered vehicle market during the forecast period. However, high cost of air compressed vehicles could prove to be a major restrain to the market.
Make an enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=38417
Regional Analysis of Air Powered Vehicle Market
Based on region, the global air powered vehicle market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is projected to account for a significant share of the global air powered vehicle market due to the significantly high production of automobiles and vehicular parts in the region. Rising awareness about emission caused from vehicles and increasing adoption of emission-free vehicles are prime factors that are likely to augment the air powered vehicle market during the forecast period.
Furthermore, presence of prominent OEMs and auto manufacturers in the region is projected to propel the air powered vehicle market in the region. Additionally, stringent government regulations to curb environmental pollution are estimated to further boost the market in the next few years.
Air Powered Vehicle Market Players
Prominent players operating in the global air powered vehicle market include Engineair Pty. Ltd., Honda Motor Co. Ltd., Phinergy, Peugeot S.A, Tata Motors, Matrix Comsec, Motor Development International SA, Magnetic Air Car, Inc., and Groupe PSA.
Related Reports -
Electric Vehicle Charging Station Market - https://www.accesswire.com/711727/Electric-Vehicle-Charging-Station-Market-to-Advance-at-CAGR-of-3360-during-20212031-TMR-Study
First and Last Mile Delivery Market - https://www.prnewswire.com/news-releases/first-and-last-mile-delivery-market-size-worth-288-38-billion-by-2031-cagr-6-12-tmr-study-301610793.html
Powertrain Market - https://www.globenewswire.com/news-release/2022/03/25/2410410/0/en/Powertrain-Market-to-Exceed-US-375-48-Bn-by-2031-TMR-Study.html
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Air Powered Vehicle Market Size, Share, Growth, Trends, Demand, Outlook by 2031 here
News-ID: 2833620 • Views: …
More Releases from Trasparency Market Research
Meat Extract Market 2019 Entry and Market Expansion Strategies 2029
The latest market estimate report published by Transparency Market Research on the global meat extract market includes a global industry analysis and opportunity assessment of the global meat extract market for the period of 2019-2029. Revenue generated from the global meat extract market has been estimated to reach a valuation of ~ US$ 1.2 Bn in 2019, which is projected to increase at a CAGR of ~ 8% during the…
Flowable Hemostats Market projected to expand at a CAGR of ~6% from 2019 to 2027
Flowable Hemostats Market: Introduction
According to the report, the global flowable hemostats market was valued at ~US$ 700 Mn in 2018 and is projected to expand at a CAGR of ~6% from 2019 to 2027. Flowable hemostatic agents are thick, flowable consistency products, comprising two chief components, active and passive, which convert fibrinogen to fibrin at the site of bleeding. The passive component is either bovine or porcine gelatin, while the…
U.S., Europe and Japan Orthopedic Soft Tissue Surgical Procedures Market Examine …
Transparency Market Research (TMR) predicts that the orthopedic soft tissue surgical procedures market has a highly competitive vendor landscape. Companies including Arthrex, Inc., ArthroCare Corporation, Smith & Nephew plc, DePuy Synthes, Inc., Stryker Corporation, Biomet, Inc., and CONMED Corporation are some of the prominent players in the orthopedic soft tissue surgical procedures market.
The leading players are trying to offer advanced soft tissue repair solutions for cultivating surgical procedures to be…
Drug Device Combination Products Market Is In Tremendous Growth Phase | Analysis …
A new market research report has been recently published by Transparency Market Research and has been made available for sale on the company website. The research report, titled "Drug Device Combination Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," presents an in-depth analysis of the global drug device combination products market based on various parameters such as market overview, market drivers, restraints, challenges…
More Releases for Vehicle
Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market.
Sample PDF showcases the…
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two…
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes…
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular…
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports.
This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information.
In addition…
